L3Harris Technologies said Jan. 5 it will sell a majority stake in its space propulsion business to private equity firm AE ...

Melbourne-based L3Harris acquired the vast rocket engine company Aerojet Rocketdyne in 2023, but on Monday announced it was ...

AE Industrial will take a 60 percent stake in the new business focused on civil and commercial space; L3Harris will maintain ...

L3Harris Technologies, Inc. LHX recently stated that it has agreed to sell a majority stake of its Space Propulsion and Power ...

The rise of the commercial space industry precipitated a steeper decline at Rocketdyne. Boeing sold the Rocketdyne division ...

The potential sale coincides with a reorganization of L3Harris' operating structure, consolidating its four business segments into three.

First paragraph, first sentence of release dated January 5, 2026, should read: AE Industrial Partners, LP ("AE Industrial"), a private investment firm focused on technologies and services considered ...

Space agencies are moving closer to a new era of rocket propulsion that could fundamentally change deep-space travel. Nuclear ...

The transaction aligns with L3Harris’ strategy to pivot away from space-focused operations and concentrate more on defense ...

L3Harris Technologies is nearing a deal to sell a 60% stake in a portfolio of space and propulsion businesses to AE ...

L3Harris will retain a minority investment interest and continue to act as a strategic partner to the business. AE Industrial plans to restore and use the "Rocketdyne" name for the acquired business ...

L3Harris Technologies agreed to sell a controlling interest in its space propulsion and power systems business to AE Industrial Partners at a total enterprise value of $845 million. L3Harris will ...